Company Updates

Tata Comm. plans entry into 20 countries

Philips Electronics partners with Redington India for Monitor Distribution

Philips Electronics Singapore Pte Limited informed that it has appointed Redington India Ltd, as its direct shipment distributor for Philips range of LCD Monitors for entire India territory.

Under the deal, Redington will import Philips LCD monitors directly for distribution and sale in India through its extensive distribution network. Philips LCD monitors offer three-year on-site warranty support.

Apart from this, Philips Electronics Singapore also has appointed Redington India Ltd as its service provider for Monitors in India.

IVRCL Infrastructures secures five orders worth Rs 351 crore

IVRCL Infrastructures and Projects Limited informed that it has secured five new orders worth Rs 351.21 crore from various firms.  

According to an official release, the first order worth Rs 98.36 crore for the building division has been secured from Andhra Pradesh Industrial Infrastructure Corporation for construction of research buildings complex and providing infrastructure facilities for IGCAEL at Pulivendula, Kadapa Districtrores.

The company has bagged second order worth Rs 79.50 crore from Bangalore Metropolitan Transport Corporation for construction of traffic and transit management centre under JNNURM scheme-package.
 

Standard Chartered Bank launches ‘Smart Credit Gold Overdraft’

Country’s largest international bank Standard Chartered Bank has announced the launch of the ‘Smart Credit Gold Overdraft’, a product designed to ensure that customers receive the maximum value fro

Telephone By BSNL For Just Rs 20 In Rural UP

State-owned PSU, Bharat Sanchar Nigam Ltd (BSNL) is strengthening its Telephone By BSNL For Just Rs 20 In Rural UP  share in rural India.

This time, BSNL has come up with a new scheme for rustic regions of Uttar Pradesh.

Under this novel plan a landline connection will be available at monthly installments of just Rs 20. This scheme is exclusively for those living in rustic areas of Uttar Pradesh.
 
Mr. Rajech Kumar, BSNL general manager for marketing in the state, said, “The upcoming scheme will be exclusively launched in the villages in August.”

Tata Power acquires 26% stake in Bhutan Project

Tata Power Company (TPC), India’s largest private power utility, has pickedTata Power acquires 26% stake in Bhutan Project  up 26% stake in the Royal Government of Bhutan (RGoB) promoted 114 MW run-of-the-river hydro electric power project over river Dagachhu through Druk Green Power Corporation (DGPC).

Tata Power Trading has negotiated to purchase all the power generated from the project.  

Under the deal, Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border.

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